How Much Can I Remodel With $50,000?

In today’s economy, everything is getting more expensive, yet most incomes are not increasing at the same pace. When a homeowner works hard to save $50,000 or more for a professional home renovation, they want to get the most for their money, while also ensuring quality work for the highest return on investment. What can you remodel with a $50,000 budget?

Main Bathroom – For $24,000 – $28,000 you can remodel a main bathroom. This would include replacing cabinets, bathtub, plumbing fixtures, flooring, and some electrical work. With another $10,000 or more, higher end items can be included such as jetted or heated tubs or tile wall surrounds.

Primary Bathroom – A simplified primary bathroom remodel will cost between $34,000 – $40,000. Fixtures in this would include a standalone acrylic shower, freestanding soaking tub, double sinks, new flooring, some electrical work, and new plumbing fixtures. Larger spaces, tile work, or added water features (think rain shower or body jets) will add significant cost.

Basement Finish – An added entertainment or rec room in the basement can give a family more room to spread out or entertain with in the winter months. A basic finished basement consisting of one or two large rooms can be completed for around $50,000. For those who want to add a bathroom or bar, the costs will increase by $25,000 or more.

Kitchen – As one of the most used rooms in the house, the kitchen can be a source of joy or complaint. A quality kitchen remodel maintaining the existing layout, with semi-custom cabinets, new flooring, laminate countertops, and new plumbing fixtures will cost about $53,000 – $60,000. Custom cabinet, quartz or granite tops, and hardwood flooring are all items that will raise the cost significantly.

GMH Construction offers a Signatures Series lines that uses our professional suppliers, skilled craftsman, and well-honed processes to provide quality remodels through simplified selection and renovation methods. Call us today to discuss your renovation needs and how our professional designers can help you achieve your remodeling or expansion goals.